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As Angel mentioned, I am Tom Lewis, Vice Chairman and CEO of Realty Income. And speaking on the call with me today is Nicholas Schorsch, who is the Chairman of American Realty Capital Trust; Bill Kahane, the CEO of ARCT; and then, probably, John Case, Realty Income’s Executive Vice President and Chief Investment Officer; and then also with me today is Mike Pfeiffer, our EVP and General Counsel, and Paul Meurer, our Executive Vice President and Chief Financial Officer.

And before we kick it off, I will say, as always on a call like this that during this conference call we’ll make certain statements that may be considered to be forward-looking statements under federal securities law and the company’s actual future results may differ significantly from the matters discussed in any forward-looking statements. And we will disclose in greater detail in the company’s filings with the Securities and Exchange Commission the factors that could cause such differences.

I’ll also mention that since this transaction is subject to the approval of both Realty Income and American Realty Capital Trust shareholders, we may not be able to answer all of the questions you might have today, but a proxy statement will be filed concerning the transaction in the near future. And we would urge all shareholders to carefully read the proxy statement and any other relevant information either companies may file with the SEC.

And also, for housekeeping, for anybody listening, we’ve posted on Realty Income’s website, at www.realtyincome.com, a presentation with a number of slides that we’ll be referring to today as we walk through this, and we would invite you to do that, and then anybody who wants can also listen to the call online at Realty Income’s website.

So let me kind of dive into this. And for those of you that are looking at these slides, we have a transaction review on page three of the slides. And basically, the transaction is Realty Income acquiring AR, American Capital Realty Trust for approximately $2.95 billion. That’s comprised of approximately $45.6 million of Realty Income common shares for approximately $1.9 billion; in addition to that the assumption of about $526 million of mortgage debt and then the repayment of another $574 million in debt, which would fund the transaction.

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